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IRVING TANNING CO. v. KAPLAN

No. 17-1489.

876 F.3d 384 (2017)

In re: IRVING TANNING COMPANY; Prime Tanning Co., Inc.; Prime Tanning Corp.; Cudahy Tanning Co., Inc.; Wismo Chemical Corp.; Prime Tanning Company, Inc. Debtors. Development Specialists, Inc., as Trustee of the Irving/Prime Creditors' Trust, Appellant, v. Michael W. KAPLAN; M. Stephen Kaplan; Marjory A. Kaplan; Glenyce S. Kaplan Lifetime Trust — 1994; Prime Tanning Co Inc Voting Trust — 1994; Estate of Leonard D. Kaplan; Steven A. Goldberg; Glenyce Kaplan; Eliseo Pombo; Robert B. Moore, Appellees.

United States Court of Appeals, First Circuit.

December 4, 2017.

Attorney(s) appearing for the Case

Robert J. Keach , with whom Paul McDonald , Lindsay K. Zahradka , and Bernstein, Shur, Sawyer & Nelson, P.A. were on brief, for appellant.

Lawrence G. Green , with whom Tal Unrad , Laura Lee Mittelman , and Burns & Levinson LLP were on brief, for appellees.

Before Lynch, Stahl, and Barron, Circuit Judges.

Development Specialists, Inc. ("DSI"), in its capacity as trustee of a trust established to benefit the creditors of several related insolvent entities, appeals from the bankruptcy court's ruling that the transaction here — the largely debt-financed purchase of a family-owned leather manufacturer — was not a fraudulent...

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